For the purposes of this section and sections 32-39k to 32-39m, inclusive, the following terms shall have the following meanings unless the context otherwise requires:

(1) “Anchor institution” means an entity having a significant and stable presence in the community, including, but not limited to, an institution of higher education, hospital, major corporation, research institution, business incubator or business accelerator;

(2) “CTNext board” or “board” means the CTNext board of directors established pursuant to section 32-39f;

(3) “Designated innovation place” means an area designated as an innovation place pursuant to section 32-39m;

(4) “Entity” means a corporation, association, partnership, limited liability company, benefit corporation, nonprofit organization, municipality, institution of higher education or any other similar entity;

(5) “Executive director” means the executive director of CTNext;

(6) “Growth stage business” means a business (A) that has been incorporated for ten years or less, (B) that has raised private capital, and (C) whose annual gross revenue has increased by twenty per cent for each of the three preceding income years of such business;

(7) “Innovation entity” means an entity whose application for innovation place designation is approved by the CTNext board pursuant to section 32-39m;

(8) “Master plan” means the plan submitted to the CTNext board pursuant to subsection (c) of section 32-39l;

(9) “Municipality” means any town, city, consolidated town and city or consolidated town and borough;

(10) “New Haven Line” means the rail passenger service operated between New Haven and intermediate points and Grand Central Station, including the Danbury, Waterbury and New Canaan branch lines;

(11) “Public transit” means the New Haven Line, Shore Line East, the New Haven-Hartford-Springfield rail line and the New Britain to Hartford busway and any planned expansion of such busway; and

(12) “Shore Line East” means the rail service operating between New Haven and New London.

(May Sp. Sess. P.A. 16-3, S. 5; P.A. 17-212, S. 4.)

History: May Sp. Sess. P.A. 16-3 effective July 1, 2016; P.A. 17-212 amended Subdiv. (6) to make technical changes, effective July 10, 2017.